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TodaySaturday, May 02, 2026

Bank of Uganda closure of Banks

The former Greenland Towers on Plot 30 Kampala Road, that has since been sold, is one of the properties that the defunct bank's shareholders claim was sold irregularly and at below-value.

Court dismisses Bank of Uganda application to avoid accountability to shareholders of the defunct Greenland Bank 

The Commercial Court’s Hon Justice Stephen Mubiru has dismissed an application by the Bank of Uganda to drop a case brought against it by 31 shareholders of the defunct Greenland Bank for
January 25, 2023
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Left to right: Dr. Louis Kasekende, Mrs Justine Bagyenda and Benedict Sekabira have the major actors in the faulty sale of 7 defunct banks

Prosecution of Kasekende, Bagyenda and others, over the irregular disposal of defunct banks’ assets delayed as DPP asks police to conduct further investigations

Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway prices, will
January 23, 2021
The petitioners want Dr. Louis Kasekende the former Deputy Governor; Mrs Justine Bagyenda, the former Executive Director, Commercial Bank Supervision and Benedict Sekabira, the current Director Financial Markets Development to be brought to justice.

CID confirms commencing investigations against Kasekende, Bagyenda and Sekabira

Slightly over two years after an investigation by the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) ended, with stern recommendations to punish Bank of Uganda
July 5, 2020

 

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